Harbin Boshi Automation shareholder plans significant stake reduction

Harbin Boshi Automation Co., Ltd. announced on December 26, 2025, that it received a notice from shareholder Cai Zhihong, son of the company's controlling shareholder Cai Hegao, regarding a plan to reduce his shareholding. Cai Zhihong currently holds 50,677,029 shares, representing approximately 4.96% of the company's total share capital.

The planned reduction involves up to 30,000,000 shares, equivalent to no more than 2.9338% of the company's total share capital. This will be executed through a combination of block trades (up to 19,800,000 shares) and centralized bidding (up to 10,200,000 shares). The sell-off period is scheduled for three months, from January 21, 2026, to April 20, 2026. The reduction is cited for personal financial needs.

The company clarified that this planned share reduction will not alter the company's control or significantly impact its corporate governance structure and ongoing operations, as Cai Zhihong is not classified as a controlling shareholder or actual controller.